Loss carry-back rules in force 02 July 2013 4:37PM New loss carry-back rules have come into effect for the financial year just ended. Legislation passed last week allows companies to claim losses against earnings in previous years. read more
Real-time payments project moves to next phase 20 June 2013 4:28PM APCA's real-time payments program is moving into the next phase of its development, and APCA will announce the appointment of a program manager shortly. read more
Comprehensive credit reporting only a first step, say lenders 20 June 2013 4:24PM The consumer finance industry will push for more changes to the credit reporting rules once Australia's new comprehensive credit reporting regime comes into effect next year. read more
FlexiGroup prices its first ABS 19 June 2013 4:53PM Vendor finance specialist FlexiGroup completed the sale of its first issue of asset-backed securities yesterday, raising A$210 million through Flexi ABS Trust 2013-1. read more
Australian bank fees class action scheduled for December hearing 19 June 2013 4:25PM A claim against ANZ, on behalf of 38,000 customers, for the repayment of "unconscionable" exception fees will be heard in the Federal Court in Melbourne in December. read more
NSW Government extends First Home Owner Grant 19 June 2013 4:24PM The New South Wales Government's Budget, which was handed down yesterday, includes an extension of the First Home Owners Grant. read more
St George's Business Connect project moves out of pilot phase 19 June 2013 4:21PM St George Bank will implement its Business Connect program in 150 branches, after completing a "very successful" pilot of the small business banking project. read more
Why Westpac's mortgage pricing strategy isn't working 18 June 2013 4:53PM Westpac's weak performance in the home loan market over the past couple of years is the result of a poorly executed strategy aimed at attracting new business in a low-growth market, while preserving.. read more
CBA gives Firstfolio more time 18 June 2013 4:48PM Embattled mortgage manager Firstfolio has been given another extension of its debt facility agreement so it can finalise a capital restructure. read more
ME Bank gets a tick from Moody's 18 June 2013 4:46PM Moody's has given ME Bank a strong endorsement in a ratings commentary issued yesterday. read more